4 crypto winners: WIF, HNT, CORE, and PEPE boast over 40% in weekly gains
Release: 2024/07/22 03:49 Reading: 228
Top Gainers in the Crypto Market: Dogwifhat, Helium, Core, and Pepe Surge Over 40%
In the past week, the cryptocurrency market has witnessed a surge in the prices of several altcoins. Dogwifhat (WIF), Helium (HNT), Core (CORE), and Pepe (PEPE) have emerged as the top gainers.
Dogwifhat (WIF)
WIF has experienced a remarkable surge of over 50% in the past seven days, reaching a price of $2.56 at the time of writing. With a daily trading volume of $311 million and a market cap exceeding $2.55 billion (according to CoinMarketCap), WIF has become a prominent meme coin. Despite its lack of clear utility, WIF's dog-themed humor and strong community support have contributed to its success.
Helium (HNT)
HNT, a blockchain network focused on the Internet of Things (IoT), has surged by 47.8% over the past week, trading at $4.70. Helium's market cap stands at approximately $756 million, ranking it among the top 100 cryptocurrencies by market capitalization. Helium's unique approach to providing decentralized, cost-effective, and scalable wireless connectivity for IoT devices has attracted attention in the market.
Core (CORE)
CORE has witnessed a 47% increase in its price over the past seven days. Priced at $1.64 at the time of writing, CORE has experienced a 62.9% rise in daily trading volume, reaching around $115 million. Despite the recent surge, CORE's price remains 75% below its all-time high of $6.47. CORE operates on its dedicated blockchain network, using a proof-of-work consensus mechanism for transaction validation and coin mining.
Pepe (PEPE)
PEPE, an Ethereum-based token, has surged by 40% over the past day, trading at $0.000012. Its daily trading volume hovers around $614 million. Pepe's market cap stands at $5.16 billion, ranking it as the 22nd largest cryptocurrency. Inspired by the popular "Pepe the Frog" meme, Pepe aims to capitalize on the growing trend of meme coins. Its deflationary token design and association with a recognizable mascot have resonated with investors.
Overall Market Sentiment
The surge in these altcoins has been influenced by a broader recovery in the cryptocurrency market. Bitcoin (BTC) has climbed 12% in the past week, reaching a price of $67,180 on Sunday. The positive sentiment in the market has shifted the fear and greed index to a score of 74, indicating a significant increase in market optimism. The global cryptocurrency market cap has also seen a slight increase to a total of $2.43 trillion.
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